Gazit-Globe Ltd. (GZT) Raised to “Sell” at BidaskClub
BidaskClub upgraded shares of Gazit-Globe Ltd. (NYSE:GZT) (TSE:GZT) from a strong sell rating to a sell rating in a report issued on Friday morning.
A number of other analysts have also commented on the stock. TD Securities reissued a buy rating on shares of Gazit-Globe in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Gazit-Globe from a sell rating to a buy rating and set a $11.00 price target on the stock in a research report on Tuesday, May 30th. Finally, Citigroup Inc. raised shares of Gazit-Globe from a neutral rating to a buy rating and increased their price objective for the company from $9.20 to $11.00 in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold and an average price target of $12.17.
Gazit-Globe (NYSE:GZT) opened at 9.93 on Friday. The company’s 50 day moving average price is $9.63 and its 200-day moving average price is $9.98. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 7.01 and a beta of 1.12. Gazit-Globe has a 12-month low of $8.32 and a 12-month high of $10.97.
Gazit-Globe (NYSE:GZT) (TSE:GZT) last issued its quarterly earnings data on Tuesday, August 22nd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter. The firm had revenue of $191.66 million during the quarter. Gazit-Globe had a negative net margin of 16.74% and a positive return on equity of 3.30%.
The firm also recently disclosed a special dividend, which will be paid on Tuesday, October 3rd. Investors of record on Tuesday, September 19th will be issued a $0.0966 dividend. The ex-dividend date is Tuesday, September 19th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in Gazit-Globe by 13.4% in the fourth quarter. Renaissance Technologies LLC now owns 73,300 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 8,674 shares during the last quarter. Eqis Capital Management Inc. increased its stake in shares of Gazit-Globe by 27.8% in the first quarter. Eqis Capital Management Inc. now owns 84,526 shares of the real estate investment trust’s stock valued at $885,000 after buying an additional 18,408 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Gazit-Globe by 2.5% in the first quarter. Bank of New York Mellon Corp now owns 453,747 shares of the real estate investment trust’s stock valued at $4,750,000 after buying an additional 11,064 shares during the period. Sentry Investments Corp. bought a new stake in shares of Gazit-Globe during the first quarter valued at approximately $33,525,000. Finally, Vanguard Group Inc. increased its stake in shares of Gazit-Globe by 2.7% in the first quarter. Vanguard Group Inc. now owns 2,204,266 shares of the real estate investment trust’s stock valued at $23,078,000 after buying an additional 57,374 shares during the period. Institutional investors and hedge funds own 8.75% of the company’s stock.
Gazit-Globe Ltd. is a real estate company specialized in retail premises. The Company is engaged in the acquisition, development and management of properties. Its segments include Finland, Norway, Sweden, and Estonia and Denmark. It focuses on supermarket-anchored shopping centers in urban growth markets.
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